Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2019

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III, Real Estate and Accumulated Depreciation

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2019
(In thousands)
	Initial Costs								Gross Amount at End of Year
Description	Land		Building and Improvements		Furniture, Fixtures and Equipment		Cost Capitalized Subsequent to Acquisition (1)		Land		Building and Improvements		Furniture, Fixtures and Equipment		Total		Accumulated Depreciation		Net Book Value		Year of Original Construction	Date of Acquisition	Depreciation Life
Sir Francis Drake	$	22,500	$	60,547	$	6,953	$	38,927	$	22,500	$	87,069	$	19,358	$	128,927	$	35,560	$	93,367	1928	6/22/2010	3-40 years
InterContinental Buckhead Atlanta	25,000		68,844		11,000		16,822		25,000		75,874		20,792		121,666		36,558		85,108		2004	7/1/2010	3-40 years
Hotel Monaco Washington DC	—		60,630		2,441		20,974		—		76,105		7,940		84,045		23,038		61,007		1839	9/9/2010	3-40 years
Skamania Lodge	7,130		44,987		3,523		20,829		7,153		59,839		9,477		76,469		17,328		59,141		1993	11/3/2010	3-40 years
Le Meridien Delfina Santa Monica	18,784		81,580		2,295		18,403		18,784		92,247		10,031		121,062		31,043		90,019		1972	11/19/2010	3-40 years
Sofitel Philadelphia at Rittenhouse Square	18,000		64,256		4,639		20,147		18,000		75,833		13,209		107,042		26,030		81,012		2000	12/3/2010	3-40 years
Argonaut Hotel	—		79,492		4,247		8,737		—		83,630		8,846		92,476		26,781		65,695		1907	2/16/2011	3-40 years
Westin San Diego Gaslamp Quarter	25,537		86,089		6,850		32,753		25,537		109,216		16,476		151,229		34,086		117,143		1987	4/6/2011	1-40 years
Hotel Monaco Seattle	10,105		38,888		2,073		12,173		10,105		45,306		7,828		63,239		16,988		46,251		1969	4/7/2011	3-40 years
Mondrian Los Angeles	20,306		110,283		6,091		31,352		20,306		127,234		20,492		168,032		39,538		128,494		1959	5/3/2011	3-40 years
W Boston	19,453		63,893		5,887		16,676		19,453		76,231		10,225		105,909		20,518		85,391		2009	6/8/2011	2-40 years
Hotel Zetta San Francisco	7,294		22,166		290		17,610		7,294		35,195		4,871		47,360		11,557		35,803		1913	4/4/2012	3-40 years
Hotel Vintage Seattle	8,170		23,557		706		8,814		8,170		29,471		3,606		41,247		8,953		32,294		1922	7/9/2012	3-40 years
Hotel Vintage Portland	6,222		23,012		1,093		16,246		6,222		34,877		5,474		46,573		11,220		35,353		1894	7/9/2012	3-40 years
W Los Angeles - West Beverly Hills	24,403		93,203		3,600		28,254		24,403		115,902		9,155		149,460		29,199		120,261		1969	8/23/2012	3-40 years
Hotel Zelos San Francisco	—		63,430		3,780		13,034		—		74,467		5,777		80,244		16,439		63,805		1907	10/25/2012	3-40 years
Embassy Suites San Diego Bay - Downtown	20,103		90,162		6,881		28,474		20,103		108,621		16,896		145,620		28,829		116,791		1988	1/29/2013	3-40 years
The Hotel Zags (formerly Hotel Modera)	8,215		37,874		1,500		7,316		8,215		43,528		3,162		54,905		8,670		46,235		1962	8/28/2013	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2019
(In thousands)
Hotel Zephyr Fisherman's Wharf	—	116,445	3,550	40,179		—	152,896	7,278	160,174	31,963	128,211	1964	12/9/2013	3-40 years
Hotel Zeppelin San Francisco	12,561	43,665	1,094	36,126		12,561	74,643	6,242	93,446	17,398	76,048	1913	5/22/2014	1-45 years
The Nines, a Luxury Collection Hotel, Portland	18,493	92,339	8,757	12,117		18,493	98,620	14,593	131,706	23,365	108,341	1909	7/17/2014	3-40 years
Hotel Colonnade Coral Gables, Autograph Collection	12,108	46,317	1,271	17,975		12,108	58,731	6,832	77,671	12,545	65,126	1989	11/12/2014	2-40 years
Hotel Palomar Los Angeles Beverly Hills	—	90,675	1,500	13,958		—	99,711	6,422	106,133	16,462	89,671	1972	11/20/2014	3-40 years
Union Station Hotel Nashville, Autograph Collection	—	37,803	6,833	22,233		—	55,292	11,577	66,869	16,711	50,158	1900	12/10/2014	3-40 years
Revere Hotel Boston Common	41,857	207,817	10,596	(44,317	)	17,367	180,456	18,130	215,953	35,574	180,379	1972	12/18/2014	3-40 years
LaPLaya Beach Resort & Club	112,575	82,117	6,733	29,186		112,575	108,412	9,624	230,611	17,793	212,818	1968	5/21/2015	3-40 years
Hotel Zoe Fisherman's Wharf	29,125	90,323	2,500	16,521		29,125	104,958	4,386	138,469	14,620	123,849	1990	6/11/2015	2-40 years
Villa Florence San Francisco on Union Square	41,272	94,257	2,994	623		41,272	94,434	3,440	139,146	4,185	134,961	1908	11/30/2018	3-40 years
Hotel Vitale	—	105,693	3,896	842		—	106,020	4,411	110,431	5,003	105,428	2005	11/30/2018	3-40 years
The Marker San Francisco	45,243	68,244	5,453	1,167		45,243	68,474	6,390	120,107	3,859	116,248	1910/1995	11/30/2018	3-40 years
Hotel Spero	39,363	64,804	11,235	576		39,363	65,002	11,613	115,978	3,525	112,453	1928/1999	11/30/2018	3-40 years
Chaminade Resort & Spa	22,590	37,114	6,009	5,457		22,590	40,039	8,541	71,170	2,385	68,785	1985	11/30/2018	3-40 years
Harbor Court Hotel San Francisco	—	79,009	6,190	301		—	79,058	6,442	85,500	3,121	82,379	1926/1991	11/30/2018	3-40 years
Viceroy Santa Monica Hotel	—	91,442	5,257	2,990		—	93,098	6,591	99,689	3,976	95,713	1967/2002	11/30/2018	3-40 years
Le Parc Suite Hotel	17,876	65,515	2,496	3,817		17,876	66,943	4,885	89,704	2,730	86,974	1970	11/30/2018	3-40 years
Montrose West Hollywood	16,842	58,729	6,499	507		16,842	58,752	6,983	82,577	2,608	79,969	1976	11/30/2018	3-40 years
Chamberlain West Hollywood Hotel	14,462	43,157	5,983	1,096		14,462	43,776	6,460	64,698	2,132	62,566	1970/2005	11/30/2018	3-40 years
Grafton on Sunset	12,440	36,932	3,951	506		12,440	37,236	4,153	53,829	2,095	51,734	1954	11/30/2018	3-40 years
The Westin Copley Place, Boston	—	291,754	35,780	1,963		—	293,126	36,371	329,497	13,518	315,979	1983	11/30/2018	3-40 years

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation
As of December 31, 2019
(In thousands)
The Liberty, A Luxury Collection Hotel, Boston	—		195,797		15,126		1,547		—		196,446		16,024		212,470		7,701		204,769		1851/2007	11/30/2018	3-40 years
Hyatt Regency Boston Harbor	—		122,344		6,862		3,785		—		125,596		7,395		132,991		4,877		128,114		1993	11/30/2018	3-40 years
Sofitel Washington DC Lafayette Square	35,304		82,089		7,691		384		35,304		82,310		7,854		125,468		4,314		121,154		2002	11/30/2018	3-40 years
George Hotel	15,373		65,529		4,489		255		15,373		65,542		4,731		85,646		2,997		82,649		1928	11/30/2018	3-40 years
Mason & Rook Hotel	18,686		60,927		2,838		2,818		18,686		61,807		4,776		85,269		2,322		82,947		1962	11/30/2018	3-40 years
Donovan Hotel	19,035		60,402		2,066		7,592		19,035		62,288		7,772		89,095		1,605		87,490		1972	11/30/2018	3-40 years
Paradise Point Resort & Spa	—		199,304		22,032		5,459		20		201,544		25,231		226,795		9,020		217,775		1962	11/30/2018	3-40 years
Hilton San Diego Gaslamp Quarter	33,017		131,926		7,741		1,245		33,046		132,474		8,409		173,929		5,704		168,225		2000	11/30/2018	3-40 years
Solamar Hotel	—		74,768		8,830		24,212		23,472		74,904		9,434		107,810		3,961		103,849		2005	11/30/2018	3-40 years
L'Auberge Del Mar	33,304		92,297		5,393		1,351		33,304		92,839		6,202		132,345		3,386		128,959		1989	11/30/2018	3-40 years
San Diego Mission Bay Resort	—		80,733		9,458		17,868		—		91,107		16,952		108,059		4,519		103,540		1962	11/30/2018	3-40 years
The Heathman Hotel	14,243		38,694		7,062		1,016		14,243		39,277		7,495		61,015		2,193		58,822		1927	11/30/2018	3-40 years
Southernmost Beach Resort	86,131		238,470		8,366		5,020		86,131		242,273		9,583		337,987		8,861		329,126		1958-2008	11/30/2018	3-40 years
The Marker Resort Key West	25,463		66,903		2,486		3,175		25,463		68,887		3,677		98,027		2,555		95,472		2014	11/30/2018	3-40 years
The Roger New York	—		42,882		3,060		1,851		—		43,822		3,971		47,793		2,018		45,775		1930/1998	11/30/2018	3-40 years
Hotel Chicago Downtown, Autograph Collection	39,576		114,014		7,608		2,246		39,576		115,587		8,281		163,444		4,791		158,653		1998	11/30/2018	3-40 years
The Westin Michigan Avenue Chicago	44,983		103,160		23,744		3,744		44,983		105,146		25,502		175,631		6,595		169,036		1963/1972	11/30/2018	3-40 years
	$	1,043,144	$	4,727,283	$	357,278	$	604,932	$	1,042,198	$	5,132,171	$	558,268	$	6,732,637	$	735,322	$	5,997,315

⁽¹⁾ Disposals are reflected as reductions to cost capitalized subsequent to acquisition.

⁽²⁾ The Company had no encumbrances on any of its hotel properties at December 31, 2019.

Pebblebrook Hotel Trust
Schedule III--Real Estate and Accumulated Depreciation - Continued
As of December 31, 2019
(In thousands)
Reconciliation of Real Estate and Accumulated Depreciation:
Reconciliation of Real Estate:
Balance at December 31, 2016	$	3,031,139
Acquisitions	—
Capital expenditures	80,737
Disposal of Assets	(207,804		)
Balance at December 31, 2017	$	2,904,072
Acquisitions	4,120,641
Capital expenditures	95,348
Disposal of Assets	(42,438		)
Balance at December 31, 2018	$	7,077,623
Acquisitions	23,472
Capital expenditures	159,574
Disposal of Assets	(503,383		)
Other	(24,649		)
Balance at December 31, 2019	$	6,732,637
Reconciliation of Accumulated Depreciation:
Balance at December 31, 2016	$	358,485
Depreciation	101,157
Disposal of Assets	(12,020		)
Balance at December 31, 2017	$	447,622
Depreciation	107,496
Disposal of Assets	(11,688		)
Balance at December 31, 2018	$	543,430
Depreciation	226,953
Disposal of Assets	(35,061		)
Balance at December 31, 2019	$	735,322

The aggregate cost of properties for federal income tax purposes is approximately $6.4 billion as of December 31, 2019.